Goldiam's 4Q Sales -24%, Profit -38%

RAPAPORT... Goldiam International Ltd. reported that group net sales fell 24 percent year on year to $8.2 million (INR 453.4 million) during its fourth fiscal-quarter that ended on March 31, 2012, due in large part to weak jewelry sales. Net profits declined 38 percent to $288,085 (INR 15.9 million), partly due to higher finance costs and tax expenses.